Abstract

http://ssrn.com/abstract=2378460
 


 



What's your Identification Strategy? Innovation in Corporate Finance Research


Donald E. Bowen III


University of Maryland - Robert H. Smith School of Business

Laurent Frésard


University of Maryland - Robert H. Smith School of Business

Jérôme Taillard


Babson College

October 27, 2015

Robert H. Smith School Research Paper

Abstract:     
We study the diffusion of techniques designed to identify causal relationships in corporate finance research. We estimate the diffusion started in the mid-nineties, lags twenty years compared to economics, and is now used in the majority of corporate finance articles. Consistent with recent theories of technology diffusion, the adoption varies across researchers based on individuals' expected net benefits of adoption. Younger scholars, holders of PhDs in economics, and those working at top institutions adopt faster. Adoption is accelerated through networks of colleagues and alumnis and is also facilitated by straddlers who cross-over from economics to finance. Our findings highlight new forces that explain the diffusion of innovation and shape the norms of academic research.

Number of Pages in PDF File: 54


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Date posted: January 13, 2014 ; Last revised: October 29, 2015

Suggested Citation

Bowen III, Donald E. and Frésard, Laurent and Taillard, Jérôme, What's your Identification Strategy? Innovation in Corporate Finance Research (October 27, 2015). Robert H. Smith School Research Paper. Available at SSRN: http://ssrn.com/abstract=2378460 or http://dx.doi.org/10.2139/ssrn.2378460

Contact Information

Donald E. Bowen III
University of Maryland - Robert H. Smith School of Business ( email )
College Park, MD 20742-1815
United States
Laurent Frésard (Contact Author)
University of Maryland - Robert H. Smith School of Business ( email )
College Park
College Park, MD 20742
United States
Jérôme Taillard
Babson College ( email )
Babson Park, MA 02457-0310
United States
781-239-6451 (Phone)
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